Three Options for Founding and Funding a Creative Startup from Home*

So you have a great idea for a creative business that you can start from home but you’re not in a position to finance the endeavor? This is a common predicament that creative startups face but in most cases the situation isn’t as bad as first expected. You might be under the impression that you need an excellent credit score, a professional pitch and a suit and tie to get your business funded. While those things can certainly help to solicit investors in the corporate environment they are by no means requirements for funding a startup. With that said, don’t give up hope on funding new venture just yet; at least consider the following three options:

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1. Peer-to-Peer Lending

Did you know that there are wealthy people out there that will loan you money if they like your idea? Why would you go to them instead of a bank or other financial institution you ask? Because peer-to-peer lenders are often willing to work with startups that have less than perfect credit if they’re sold on the brilliance of the plan itself. Thus, if credit is a concern but you have a truly great plan try starting with some of the top peer-to-peer lending sites first.

2. Fundraising with Crowdfunding Sites

If you can’t find a lone investor to believe in your idea enough to fund it outright maybe taking the fundraiser approach to gather small donations from many people would work. Popular crowdfunding sites like Kickstarter and Indiegogo provide ideal platforms that do not take credit or background into consideration. All that matters on these sites is the idea itself and the way you promote it. It can honestly be said that crowdfunding is one of the best ways to raise a lot of money fast as long as the idea itself has value and you’re willing to put in the promotional effort.

3. Niche Investors and Special Interest Groups

If your startup could be beneficial or appealing to a specific special interest group you may be able to find enough support to get things off the ground. There really is no limit to the variety of niches that investors are interested in. As we continue to advance into a more progressive and accepting global society more lenient funding options are popping up left and right. For example in recent years there has even been an appearance of finance alternatives for marijuana businesses which was practically unheard of only a decade ago.

If You Don’t Believe in Your Idea, No One Will

From a pessimistic standpoint it can be easy to get discouraged and start feeling as though nobody is on board with your idea. When you fall into the trap of questioning whether the endeavor is even worth pursuing investors and peers will be able to sense that insecurity and uncertainty and those are two attributes nobody wants to trust their money with. Before committing to the business make sure you’ve thought it through thoroughly to establish confidence early on and carry that mentality with you along the way especially in the initial stages.

One comment for “Three Options for Founding and Funding a Creative Startup from Home*

  1. That’s it! I need an investor in me! 😉
    Tatyana x
    http://www.LAFOTKA.com